PolitiFi coin performs better in the market compared to MemeCoin in the Crypto Assets field

A recent data report shows that PolitiFi, a coin inspired by relevant figures or political themes, has outperformed traditional MemeCoins in the market, achieving a higher percentage return. In the context of a tense U.S. election campaign, this type of coin has achieved considerable success.

As the presidential election in November approaches, speculators in the crypto field are guessing who the next U.S. president will be. Let's delve into the details of this phenomenon.

PolitiFi Coin Market Performance Analysis

The latest report indicates that the so-called "PolitiFi coin" is taking a leading position in the encryption MemeCoin market. These Crypto Assets represent a subset of the broader meme coin category, inspired by political events and figures.

It is worth noting that these coins have no direct relationship with any individual politician and do not provide holders with governance or on-chain utility functions. Their value is purely speculative and is often influenced by market fluctuations.

Despite numerous uncertainties, the PolitiFi coin has significantly outperformed classic MemeCoins since the beginning of this year. Specifically, from January 1, 2024, to August 25, this category has grown by 782.4%, while MemeCoins have only increased by 90.2% during the same period.

As of recently, the PolitiFi coin accounts for 1.5% of the MemeCoin market, with a market cap of $68.08 billion. The total capital of the broader MemeCoin market is $45.6 billion, with DOGE, SHIB, and PEPE dominating the sector.

On June 16, the Crypto Assets PolitiFi reached its peak, accounting for 3.3% of the market share, equivalent to a market value of $1.9 billion. Since that day, the activity volume of this type of coin has decreased by more than half, highlighting the reduced attention and speculative activities towards this type of Token.

Leading PolitiFi Crypto Assets

In PolitiFi MemeCoin, the largest market cap coin is PEOPLE, with a market cap of $385.6 million. The project was created in 2021 with the aim of raising funds to purchase the original U.S. Constitution. Although it failed to achieve its original intention, the coin continues to exist and has seen some success. Since the beginning of the year, the valuation of PEOPLE has increased by 494.3%, rising from $64.9 million to $385.6 million.

The second most popular PolitiFi Crypto Asset is MAGA (TRUMP), which is a MemeCoin inspired by a well-known entrepreneur. As of August 25, the market capitalization of TRUMP is $178.9 million, and its price has increased by 1350.9% since the beginning of 2024.

In addition, there are some other noteworthy PolitiFi MemeCoins, such as BODEN and KAMA, which are characterized by different political figures.

Future Outlook: The Trend of Political MemeCoins

Observing the data, it can be found that most PolitiFi Crypto Assets reached their historical peak around June, followed by a three-month downward trend. This indicates that the enthusiasm for this speculative coin has waned after the hype at the beginning of the year.

As the election campaign comes to an end and the counting of votes for the presidential election in November approaches, speculators' interest in betting on this event has diminished. This may be due to the fact that the outcomes of the election are becoming increasingly predictable, thereby reducing the potential for speculation and eliminating possible trading opportunities.

From now on, the prospects of these Crypto Assets PolitiFi are likely to continue the bear market trend, and many such MemeCoins may eventually disappear. Their value is primarily linked to speculation related to the U.S. elections: the approach of the elections itself in a certain sense becomes a "sell signal" for these assets, and after the elections, they may lose their reason for existence.

Investors should treat this Crypto Assets product with caution, as it involves very high risks and is susceptible to market fluctuations. After the next U.S. presidential election, speculators may no longer have the motivation to hype it, and therefore will sell off their last Token inventory.